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Removing barriers to business success: You shouldn’t have to worry about property and office management

By David Seinker, CEO and founder at The Business Exchange

Running a business is tough. If it was easy, then 70% to 80% of small businesses wouldn’t fail within the first 2 years. It’s not just small businesses that are at risk either. As 2020 has demonstrated, even the biggest and oldest companies can fall prey to shock economic events.

It makes sense, therefore, to remove as many barriers to success as possible. And that includes anything that distracts from the core business of doing business. Why, then, do so many enterprises — from startups to big corporates — spend so much time worrying about property and office management, two areas in which they probably have little to no experience?

What many might not know is that it’s possible to unload these responsibilities, allowing business leaders to focus on what they do best.

The trouble with traditional offices

Once a company gets to the size where it needs an office, it suddenly has myriad related issues to deal with, including rent, security, parking and cleaning. If the office is small, then all those responsibilities either fall to someone whose time would be better spent elsewhere, or have to be outsourced at extra expense.

As a business grows, those demands will grow too. This requires companies to dedicate resources to property and office management. For big corporates, that can mean whole teams dedicated to ensuring that the company’s headquarters, along with its regional offices, remain fully functional.

That’s a lot of salaries, to say nothing of the outsourcing and services costs. Surely that money could be better spent on specialists in the business’ area of expertise?

Beyond remote 

For some organisations, the obvious solution to avoiding these costs is to go fully remote. After all, you don’t have to worry about looking after an office if you don’t have one. But while full remote working is viable for, they also miss out on a lot by not having a permanent base where their staff can be together and get things done.

The serendipitous ideas that people come up with while making coffee in the kitchen, for example, might result in a company’s next big idea. That’s something which is incredibly difficult to recreate in a remote environment.

Furthermore, in a world where being fully remote can lead to feelings of isolation, it makes sense to provide employees with somewhere they can go to be around other people, or even to simply focus fully on their work.

The serviced office 

Some companies try to address these issues by offering their staff membership at co-working spaces, but again, this comes with issues. Many, prioritise the creation of a fun atmosphere, for example. While that might be great for a certain breed of startup and freelance creators, it’s hardly suitable for a corporate employee trying to impress a would-be client.

That’s where the serviced office comes in.

A good one will take care of everything from IT to security and cleaning while providing a company’s employees with somewhere they focus fully on their work. Importantly, this choice of office space also offers organisations a home base of which they can be proud, and where they’re comfortable to host meetings with prospective clients.

Importantly, serviced offices can do so at a much lower cost than a company would typically pay to rent or buy their own building.

And with companies of all sizes likely to take a more flexible approach to staff coming into the office as we continue through the COVID-19 pandemic, the serviced office makes more sense than ever before.

This article was first published by Annalist on the 6 November 2020. 

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